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federal government except the pentagon. all of a sudden the last couple of months hitting this arbitrary political target is vital. what is vital, as i said, is having a deficit strategy that's consistent with sound economic growth and making sure that we strengthen the middle class and that means as a first step to make sure that our deficits, as the economy improves, as we grow, that our deficits are not growing faster than g.d.p. and that we stabilize the debt as a percentage of g.d.p. because if you don't, as the economy improves, higher government borrowing -- we need to adopt that strategy and adopt it now. have it kicked in over a period of time. we just got very good news that the rate of per capita increase in health care costs is actually at the lowest level of 50 years. we need to continue to adopt strategies to keep that -- those costs increase low. as as demographic changes means baby boomers retire and we clearly need to keep working on those issues. but let me just sum up where we are in terms of our deficit reduction targets. over the last little over two years we have no
. as is widely recognized, sequestration over the next 10 years apply to the pentagon budget would only reduce it in inflation adjusted terms to what it was in 2007 a. the most powerful military in the world -- 2007, as the most powerful military in the world engaged in a war in iraq and the challenge in afghanistan. if members of congress pay attention to the facts, they will see a clear path to dramatically reduce pentagon spending without undermining america's position as being the most powerful nation on the planet. and nobody has done a better job of highlighting a path forward, an area of opportunity, than walter pinkus writhing on the pages of the "washington post" over the last couple years as he details the sweep of our nuclear weapons program and the spending trajectory. this morning's latest offering should be required reading for every member of congress and the ones who whine the loutest should be forced to read it -- loudest should be forced to read it twice. he details a vast array of nuclear weapons already deployed, ready to be deployed within 30 minutes, a relic of our conten
was confirmed as defense secretary with deep cuts to the pentagon budget set to hit three days later. after months of defense department officials forecasting armageddon and with congress unable and unwilling to prevent the steep spending cuts, he will be entering his role as a crisis. that in the national journal. and to recap, chuck hagel has been confirmed as new defense secretary but the senate voting 58-41. and in our primetime schedule starting at 8:00 eastern time on c-span, debate from the senate floor on chuck hagel's nomination. on c-span2, remarks from attorney general eric holder on reducing gun violence and gun control laws. on c-span3, the senate finance committee holds a hearing on automatic budget cuts and who will -- with the fiscal problems. house republican leaders today said that the president and senate democrats bear responsibility for avoiding $85 billion in automatic spending cuts that begin on friday. house speaker john boehner starts this 10-minute briefing on capitol hill. >> the president, as you are all aware, insisted that he not have to go over the debt ceilin
Search Results 0 to 2 of about 3

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